Standard Chartered has appointed Ahmed Muallah as the managing director and head of its wholesale banking business in Iraq.

In his role, Muallah will lead the bank’s wholesale banking business and will be based in Baghdad reporting to Tarek Anwar, co-head of wholesale banking and regional head of client coverage for Middle East North Africa and Pakistan, said a statement.

Gavin Wishart, chief executive officer, Standard Chartered Iraq, said: “This appointment comes as another testament to our long term commitment to Iraq. Standard Chartered is bringing its best international financial business practice and governance models to service our multinational clients.  We believe Iraq has great potential for sustainable economic growth and we believe we can play a leading role in further supporting the country realise its full economic potential. I would like to welcome Ahmed to the team and I am confident he will be instrumental in further developing our business in the country.”

Muallah has over 20 years investment banking and private equity experience. Prior to joining Standard Chartered, he was the founding member and partner of IQI, a private investment company in Baghdad. He also held the position of Middle East CEO of Renaissance Capital where he established investment banking and asset management divisions.

He has also worked in London for Deutsche Bank, Citibank and Barclays Capital. Ahmed holds a Bachelor of Accountancy and Finance from the University of West London. –TradeArabia News Service